What is restaurant insurance?

What is restaurant insurance?

Restaurant insurance protects people and businesses who own a restaurant, or a bar, bistro, takeaway or fast food outlet. Every company will offer slightly different policies depending on your requirements and the type of restaurant / bistro you are running. Commercial restaurant insurance usually includes coverage for employees, building, liquor liability insurance, and loss of business income.

Why do I need restaurant insurance?

Running a restaurant or bistro can be very stressful and hectic but one thing that should most definitely be put in place is restaurant insurance. This insurance can protect you from a whole host of problems that may arise such as accidents, broken equipment, or unfaithful employees.

What is generally included in restaurant insurance?

Normally restaurant insurance includes the following:

Liquor Liability – this protects you if a person in your establishment drinks too much and hurts themselves or someone else.

Business Interruption Insurance – if you have to stop trading for any particular reason such as fire, flood, or theft then this insurance will cover the costs that your restaurant will suffer while it is closed down.

Contents Insurance – this will insure you if any contents or stock within the property is damaged or stolen.

Public Liability Insurance – this is important in any business and protects you from any claims being made against you for any damage or injury you or your business may cause to someone else or their property.

How much does restaurant insurance cost?

By going to a few different insurance companies who offer restaurant insurance you’ll be able to gather some quotations to give you an accurate estimate. The cost of restaurant insurance completely depends on your business and your restaurant, the insurance companies will go through and ask you a list of questions so they can gain more of an understanding about your business and in turn can give you an idea on price.

Back to insurance faq